The Las Vegas Convention Center District is not just an expansion of the existing Convention Center, but also a reimagination of the space, being a place for business 365 days of the year. It imagines a distinct area designed to do business and bring the Las Vegas Convention Center decades ahead of the competition.
Currently,the Las Vegas Convention Center is at capacity. The LVCVA is not able to grow current trade shows or attract new shows to the destination. Other convention cities have more physical space and more space to grow and are doing just that. They are working to attract trade shows from Las Vegas to their destinations. With the Las Vegas Convention Center District, the LVCVA would expand the facility by 600,000 square feet and could attract 610,000 additonal convention visitors per year worth $810 million in incremental annual economic impact.
The LVCC is at capacity. Mandalay Bay has recently completed an expansion of its facility. That means it needed more space as well. We've identified nearly 70 new large trade shows that could come to Las Vegas if we had the space for them over the next 10 years.
Tourism is the lifeblood of the Southern Nevada economy. When the recession hit, we all felt it. Now that travel and tourism is back and growing, we have the opportunity to continue its growth and reach pre-recession levels where everyone was doing well. When Las Vegas does well, we all do well.
The Las Vegas Convention Center District is the single most important economic development project in the state. Construction of the Convention Center District would generate up to 13,800 construction jobs over a five- to eight-year construction cycle. In order to support the enhanced business generated by the Convention Center District, an estimated 7,850 permanent jobs would be created. The tourism industry already supports over 368,900 jobs in Southern Nevada and the Convention Center District would continue that support.
When the project is complete, the resulting increase in economic activity could generate an estimated incremental economic impact of nearly $4 billion over the next 10 years.
The LVCVA is still in the planning stages of the Las Vegas Convention Center District. You can visit the LVCVA purchasing site to find open bids and to stay updated on upcoming bids related to the Convention Center District. Click here to get started.